Spark pays dividends on a semi-annual basis. A 100% imputed ordinary dividend of 12.5 cents per share was declared for H1 FY21.
For FY21, subject to no material adverse changes in operating outlook, Spark anticipates paying an annual total dividend of 25 cents per share 100% imputed.
The dividend reinvestment plan has been retained for the H1 FY21 dividend. Shares issued under the dividend reinvestment plan will be issued at a 2% discount to the prevailing market price around the time of issue. The last date for shareholders to elect to participate in the dividend reinvestment plan for the H1 FY21 dividend is 22 March 2021.
Spark’s Dividend Reinvestment Plan Offer Document and Participation Notice can be found on the Dividend Reinvestment Plan page of this website.
*Based on the exchange rate at 19 February 2021 of NZ$1 to US$0.7306 and a ratio of five ordinary shares per one American Depositary Share. The actual exchange rate used for conversion is determined in the week prior to payment when the Bank of New York performs the physical currency conversion.
**Supplementary dividends are paid to non-resident shareholders.
